What does outsourcing typically provide for a company?

Outsourcing typically provides cost savings and efficiency for a company by allowing it to delegate tasks or services to external firms that specialize in those areas. This means that a company can benefit from reduced labor costs, access to expertise, and improved production processes. By outsourcing certain functions, a company can focus on its core activities and strategic goals, leading to increased overall productivity.

Additionally, outsourcing can facilitate scalability, as companies can expand production or service capabilities without the need to hire and train additional staff internally. This can further contribute to cost efficiency by minimizing overhead and operational expenses. Overall, outsourcing is a strategic approach to enhance a company's operational efficiency and financial performance.